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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #122,301
  • Oct 15, 2008 12:33am Oct 15, 2008 12:33am
Quoting PipBuLL007
still trying to figure out if its going up or down

Hmm... Price had moved 1500+ in the last 36 hrs of trading

Easily busted thru yesterdays 1Hr 200ma

Daily Pivot has moved 785+ over a 24 hour Period

4hr thru Monthly Schot's are all oversold

Price is up 120+ pips over Last 3 hr.

Price nicely hugging 10/10 - 10/13 trendline


Hmmm... Up or down?
  • #122,302
  • Oct 15, 2008 12:44am Oct 15, 2008 12:44am
Daily QQE has croossed up and i'm wondering if that will take her above 180 level. Maybe need to look at how today's candle close.
  • #122,303
  • Oct 15, 2008 12:48am Oct 15, 2008 12:48am
Quoting worlhin
Short since 6-7 hrs ago @ 177 and miss my TP @ 175.5 (fib level) ...
In your opinion what shld be a SL now? I set at 177.6 (prvious 1hr high + some allowance)...
I know i shouldnt do it. but when i abt to off my computer, the rice shoot up to 177.5 and make me adjust my SL to 178...
Now 4h qqe crossing down (bear) and 1h qqe crossing up (bull).
4h candle above gann (bull) and 1h candle below gann (bear)...

Uncertainty...
Lost...
  • #122,304
  • Oct 15, 2008 12:53am Oct 15, 2008 12:53am
I am still in the bear camp myself...though 178.30 or higher seems like were we are headed before we continue lower
  • #122,305
  • Oct 15, 2008 12:59am Oct 15, 2008 12:59am
Quoting worlhin
I know i shouldnt do it. but when i abt to off my computer, the rice shoot up to 177.5 and make me adjust my SL to 178...
Now 4h qqe crossing down (bear) and 1h qqe crossing up (bull).
4h candle above gann (bull) and 1h candle below gann (bear)...

Uncertainty...
It seems like bear is resting now and bull is out...
1h qqe crossed up and candle above gann...
Lost...
  • #122,306
  • Oct 15, 2008 1:03am Oct 15, 2008 1:03am
We are at DP...now let's see what happens
  • #122,307
  • Oct 15, 2008 1:06am Oct 15, 2008 1:06am
doesnt it suck to be on the wrong side of the trade with no stop loss
  • #122,308
  • Oct 15, 2008 1:07am Oct 15, 2008 1:07am
Quoting worlhin
I know i shouldnt do it. but when i abt to off my computer, the rice shoot up to 177.5 and make me adjust my SL to 178...
Now 4h qqe crossing down (bear) and 1h qqe crossing up (bull).
4h candle above gann (bull) and 1h candle below gann (bear)...

Uncertainty...
Your 4hr QQE lines should be crossed up like the one on this chart, if you're using a smoothing factor of 5. If they're crossed down you probably have it setup with a "fast" dashed line instead of "slow". Some of the MT4 QQE's default them incorrectly.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hrQQE.jpg Size: 253 KB
  • #122,309
  • Oct 15, 2008 1:08am Oct 15, 2008 1:08am
For those bears currently in a trade we are seeing a possible rejection from the DP and the 15min 100sma, which could help push us back down.
  • #122,310
  • Oct 15, 2008 1:11am Oct 15, 2008 1:11am
Quoting Pips_Cruiser
Your 4hr QQE lines should be crossed up like the one on this chart, if you're using a smoothing factor of 5. If they're crossed down you probably have it setup with a "fast" dashed line instead of "slow". Some of the MT4 QQE's default them incorrectly.
Here's what the QQE lines look like if the dashed one is "fast". But the "slow" should be used instead, so I'll be changing mine back.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hrQQE2.jpg Size: 249 KB
  • #122,311
  • Oct 15, 2008 1:22am Oct 15, 2008 1:22am
Quoting Pips_Cruiser
Here's what the QQE lines look like if the dashed one is "fast". But the "slow" should be used instead, so I'll be changing mine back.
To check your MT4 QQE and change if it's necessary, you can follow these instructions:

http://www.forexfactory.com/showpost...postcount=2299

Or maybe check out this entire page:

http://www.forexfactory.com/showthre...63831&page=154

  • #122,312
  • Oct 15, 2008 1:22am Oct 15, 2008 1:22am
morning all
  • #122,313
  • Oct 15, 2008 1:33am Oct 15, 2008 1:33am
Quoting lilmoe
morning all
goodmorning!
  • #122,314
  • Oct 15, 2008 1:39am Oct 15, 2008 1:39am
Quoting lilmoe
morning all
Good afternoon from Australia
  • #122,315
  • Oct 15, 2008 1:41am Oct 15, 2008 1:41am
Quoting rogerdoger
goodmorning!

Good Evening From Hawaii LilMoe

Serendipity
  • #122,316
  • Oct 15, 2008 1:43am Oct 15, 2008 1:43am
Here is a chart for those who would like to see a different perspective looking at the bigger picture. . .

Weekly chart for you. . .
As long as we are trading below the median line price is headed down. . .

A weekly close above the median line will challenge the upper descending channel line. . . If rejected = good shorting opportunity. If we see a break and weekly close above it a good buying opportunity on a pull back to challenge support.

I still say we are in wave 5 (4th wave in 5) and should see price start to head lower after completing it. . . Only a break and weekly close above 185/186 will change my view.

Naked chart for you. . . (No indicators)
Attached Image (click to enlarge)
Click to Enlarge Name: monthly.gif Size: 21 KB
  • #122,317
  • Oct 15, 2008 1:47am Oct 15, 2008 1:47am
looks like it's going to re-test 38.2 fib at 170.10;
"Everybody needs money. That's why they call it money" - Danny De Vito
  • #122,318
  • Oct 15, 2008 1:49am Oct 15, 2008 1:49am
Here is the same chart but using a daily channel instead of a weekly channel.
Attached Image (click to enlarge)
Click to Enlarge Name: daily.gif Size: 18 KB
  • #122,319
  • Oct 15, 2008 1:50am Oct 15, 2008 1:50am
Quoting janela
Good afternoon from Australia
Quoting rogerdoger
goodmorning!
Quoting Serendipity
Good Evening From Hawaii LilMoe

Serendipity

how's everyone doin? hope pips are kickin in
  • #122,320
  • Oct 15, 2008 1:54am Oct 15, 2008 1:54am
pips did kick in. but then i kicked them out when i was sleeping being in the wrong side lol

back to my initial capital but hey ......things will turn around. this time very cautious and BE whenever possible with SL

Serendipity

Quoting lilmoe
how's everyone doin? hope pips are kickin in
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